The Trusts (Capital and Income) Act 2013 (Commencement No.2) Order, SI 2013/2461, has been released. This brings into force from 1 January 2014 the remaining provisions of the Trusts (Capital and Income) Act 2013 allowing charities to invest for total return and removing the need to classify individual investment returns as income or capital.

The Charity Commission endorses the updated quality control systems adopted by Mind in "Quality Management" and UK Community Foundation in "QA3" in its drive to encourage umbrella bodies to develop quality standards to improve governance and accountability of charities.

Newton Investment Management publishes paper Sustainable Portfolio Withdrawal Rate, which shows that charities spending above 3% of the value of their long term investment portfolios each year face the material risk of eroding the real value of their capital.